Break into PE with accounting background
Hi Guys, I know questions related to break into PE have been discussed a million times. Sorry if my question has been asked before.
I read some discussions about transaction service (financial due diligence) at Big Four -> PE. It seems pretty challenging considering the percentage of people in TS eventually getting there. One reply to a previous thread mentioned it typically needs a MBA after TS to PE in U.S. (unnecessary in London, though )
My question is:
Has anyone seen people move across within a PE fund from operational/accounting to investment?
Which way has a better chance, operational/accounting role at PE to PE investment or TS at Big Four to PE?
If the above two have similar chances, it would make more sense to move within a PE fund since the pay at TS big four sucks a lot.





i would suggest you move from
i would suggest you move from TS to IBD then to PE
not exactly the answer you
not exactly the answer you looking for but i moved frm HF BO to PE without a MBA but at the analyst/entry level...refer to my post for further details...
http://www.wallstreetoasis.com/forums/mission-bo2f...
"A man travels the world over in search of what he needs and returns home to find it." ~George Moore
Check out some of the
Check out some of the background here - a few look like maybe they've done what you're talking about?
http://www.roarkcapital.com/team.php
Life, liberty and the pursuit of Starwood Points
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Life, liberty and the pursuit of Starwood Points
There are some mid-market
There are some mid-market places that employ a lot of ex-accountants e.g. 3i in London but they typically move across with a decent bit of experience. It is not very common though and you won't find many/any accountants at the top firms.
I think that Big 4 - IBD - PE is probably the most likely route as it's tough to get into top PE firms out of an MBA with no prior experience. If you can get into IBD (or indeed MBB) then you are in the mix for most PE firms and might even have an edge given your accounting experience.
Is it generally accepted that
Is it generally accepted that FDD is the best way to break in?
MistaBooks: FDD is the best
FDD is the best way to break in?
As an add on, what are the options for FDD after they're in....what type of roles do people have open to them?
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Interned in TS (valuation)
Interned in TS (valuation) this past summer and I'd say from discussions about exit ops with coworkers that PE is a pretty common one for the people interested in the field. They said it's not exactly front office deal work that the hires do but more of a middle-office, portfolio management type job. FDD may be different since that's obviously more predeal work in TS, but I'd say that and valuation definitely both translate.
7S: i would suggest you move
i would suggest you move from TS to IBD then to PE
thanks a lot for all the great advice from you guys. Is TS-IBD-PE better than TS-Consuting such as Bain & Company -PE?
I'm currently in auditing. I'll have to internally transfer to TS and then do whatever it takes to go to PE eventually. Let's say I'm already the manager at TS by the time I make the move. What type of positions at IBD/PE will open a door for me? Is it still associate level?
Hang in there!
petergibbons: Check out some
Check out some of the background here - a few look like maybe they've done what you're talking about?
http://www.roarkcapital.com/team.php
Thanks a lot for this info. It's very encouraging to see that.
Hang in there!